Commercial building - Astromeritis, Nicosia
Not subject to VAT
Ground floor building with mezzanine, in an excellent location in Astromeritis Community, in Nicosia District. It is situated in a unique location, on Archiepiskopou Makariou III Avenue, a vibrant and popular street of Astromeritis. In the surrounding area there are an abundance of amenities and services, including restaurants, coffee shops and residential and commercial buildings.
The building was constructed in 2000 and consists of three shops with mezzanine level and covered parking spaces on its southern side. The property has enclosed area of 340sqm (approximately) and 155sqm (approximately) of mezzanine level.
The property is rented for €1630/month and a yield of 4.9%.
The property is considered as an appealing investment opportunity, considering that one of the shops is rented to a banking institution.
The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.
Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.
All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted.
The above price may be modified without any prior notice.
All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.
The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.
The property is rented
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